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Showing 121 - 130 of 774 results for "AFSL"

ASIC outlines cybersecurity expectations

JAMIE WILLIAMSON  |  FRIDAY, 13 MAY 2022
... cybersecurity. Just last week, in what was an Australian-first, the Federal Court found RI Advice failed its obligations as an AFSL holder by failing to have adequate systems in place to manage cybersecurity risks. ASIC says the determination should ...

Breach reporting regime a distraction: Report

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
... obligations has led to a noticeable increase in the number of breaches being reported," the report states. "Importantly, only AFSL holders were subject to the breach reporting regime prior to 1 October 2021. The increases relate to them, as ACL holders ...

ASIC suspends Dixon Advisory AFSL

ELIZABETH MCARTHUR  |  TUESDAY, 19 APR 2022
... most Dixon Advisory clients have transitioned to alternate financial services providers of their choice. The terms of the AFSL suspension allow Dixon Advisory's licence to continue to operate until 9 May 2022 so that existing clients who have not yet ...

3000 advisers left industry last year

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 APR 2022
More than 3000 financial advisers left the industry in the last 12 months, according to Rainmaker's most recent analysis of the ASIC Financial Adviser Register. The number of ASIC-registered financial advisers decreased 15% through the 12 months to ...

Blacktower launches in Australia

JAMIE WILLIAMSON  |  MONDAY, 28 MAR 2022
... local presence, global firm Blacktower Financial Management Group has launched in Australia. Blacktower first gained its AFSL and publicised its plans for Australian operations in October last year. The Blacktower website lists Sydney's Martin Place ...

New hire salaries skyrocket: Recruiter

JAMIE WILLIAMSON  |  THURSDAY, 24 MAR 2022
... after." Robert Half said candidates with experience in ASIC or APRA regulatory compliance are hot property, as are those with AFSL experience and GRC system implementation and maintenance experience. A beginner chief risk officer in Sydney could command ...

Midwinter scores AIA mandate

CHLOE WALKER  |  MONDAY, 21 MAR 2022
... Financial Planning advisers to the insurer as part of its broader plan to shutter the licensee. It operates under a separate AFSL to the insurer, offering financial advice to Commonwealth Bank clients.

ASIC issues warning to finfluencers

JAMIE WILLIAMSON  |  MONDAY, 21 MAR 2022
... the circumstances in which they may find themselves in trouble. ASIC recommends influencers consider whether they need an AFSL to promote financial products, are familiar with relevant regulatory guidance surrounding promotion and dealing of financial ...

Disclosure lacking in common ownership: Committee

JAMIE WILLIAMSON  |  FRIDAY, 18 MAR 2022
... also wants mechanisms introduced to ensure asset managers engage with their owners in making voting decisions, and for the AFSL requirements of proxy advisors to be expanded. It should be noted that reforms introduced by the government at the end of ...

ASIC opens CCIV licensing consultation

KARREN VERGARA  |  FRIDAY, 18 MAR 2022
ASIC is seeking feedback on licensing rules for the Corporate Collective Investment Vehicles regime ahead of its July implementation date. The consultation includes examining the licensing application process - AFSLs wanting to apply and operate a CCIV ...